Will IMF Bailout be enough to curb Fiscal Mismanagement in Pakistan?

MG News | November 19, 2018 at 12:12 PM GMT+05:00

0:00

November 19, 2018 (MLN): IMF’s Bailout package will only be sufficient to curb the economic and currency crisis, leaving the other Fiscal mismanagements of the country unsolved, said a report by Fitch Solutions on Monday 19^th November.

Furthermore, the research house predicted FY19 GDP growth to slow down to 5.4% from 5.7% last year, with austerity measures further worsening the cyclical slowdown.

Currently, the IMF conditions are likely to focus on anti-money laundering strategy and framework for reducing corruption in the country, the report added.

Moreover, the report suggested that IMF is wary about the lack of transparency surrounding Pakistan’s liabilities to China under CPEC.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	153,866.17 113.04M	-0.36% -555.27
ALLSHR	92,322.41 289.91M	-0.18% -165.37
KSE30	47,054.02 67.50M	-0.57% -268.71
KMI30	220,139.18 52.42M	-0.81% -1787.82
KMIALLSHR	59,630.44 114.87M	-0.43% -258.98
BKTi	44,089.65 23.49M	-0.09% -38.05
OGTi	31,668.31 6.28M	-0.15% -47.11

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,495.00	74,210.00 70,200.00	850.00 1.20%
BRENT CRUDE	103.89	103.95 97.60	3.43 3.41%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.90 -11.49%
ROTTERDAM COAL MONTHLY	122.70	123.80 122.70	-1.10 -0.89%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	99.31	99.32 92.04	3.58 3.74%
SUGAR #11 WORLD	14.41	14.53 14.30	0.03 0.21%